Food suppliers face raw material costs, plans to diversify supply
Food suppliers and businesses in Singapore are already reeling from higher raw material costs, with some considering passing these on to consumers. Analysts say the situation could persist. That’s because climate conditions in the coming months could lead to poorer harvests and tighten supply, adding to mounting cost pressures. Ivy Chok reports.
Food suppliers and businesses in Singapore are already reeling from higher raw material costs, with some considering passing these on to consumers. Analysts say the situation could persist. That’s because climate conditions in the coming months could lead to poorer harvests and tighten supply, adding to mounting cost pressures. Ivy Chok reports.